Jihan Wu crypto-startup wants to raise $ 40 million

Credit: Jihan Wu – Bitcoin.com Youtube Capture

Matrixport, a company specialized in cryptocurrency created by the co-founder of Bitmain, seeks to collect $ 40 million.

Founded last year in Singapore and now also based in Switzerland, the start-up has received a pre-money evaluation from $ 300 million, reports Bloomberg, citing people familiar with the matter.

Matrixport presented his latest funding round to investors in recent weeks, ”they said.

According to presentation documents shared with investors, the Chinese billionaire's startup, which offers trading and custody services for digital assets like Bitcoin and Ethereum, has achieved nearly $ 8 million in sales in 2019 and plans to generate double this year.